Crypto enthusiast JackTheRippler recently shared a post claiming that over 11,000 banks have successfully tested XRP within the SWIFT network.
The tweet, which included a video clip, drew attention to how blockchain-based payment solutions and traditional financial infrastructures are converging. The claim suggests that XRP’s role in cross-border payments could extend into one of the largest and most established global financial networks.
Details from the Attached Video
In the video attached to the tweet, a speaker described SWIFT as the preeminent messaging system for the financial industry, handling payments, foreign exchange, trade, and securities.
The speaker emphasized that SWIFT traditionally functions through a store-and-forward model, where messages are queued and processed in a structured timeframe based on service-level agreements. This model requires reconciliation steps and can delay the confirmation of whether funds have arrived, sometimes stretching into days.
By contrast, the speaker explained that blockchain-based systems, such as those enabled by Ripple and XRP, introduce real-time settlement and transparency into the payments process.
According to the remarks, with blockchain technology, banks would not need to wait for days to confirm the receipt of funds. Instead, instant movement of money and full visibility of transactions would be possible. This difference underscores how newer digital settlement mechanisms could enhance efficiency compared to legacy infrastructure.
🚨#XRP has already been successfully tested by 11,000+ banks within the SWIFT network!
🔊🍿⤵️ pic.twitter.com/cosOLlUkmr
— JackTheRippler ©️ (@RippleXrpie) August 28, 2025
Ripple’s Position in Relation to SWIFT
The speaker in the video clarified that Ripple is not expected to replace SWIFT. Rather, Ripple’s technology and the use of XRP are described as complementary tools that can coexist with SWIFT’s infrastructure.
Specifically, the commentary indicated that Ripple would provide institutions with real-time settlement options where such speed is required. Meanwhile, SWIFT itself is also evolving its network to offer real-time capabilities, suggesting a broader modernization across the payments landscape.
The video further suggested the possibility of XRP being utilized within SWIFT transactions, particularly in areas such as foreign exchange. This implies that XRP could function as a bridge asset within the existing SWIFT framework, rather than operating as a standalone replacement.
The coexistence model would allow financial institutions to benefit from both the established reach of SWIFT and the efficiencies of blockchain-based settlement.
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XRP’s Potential Role in FX Markets
JackTheRippler’s tweet emphasizes the scale of testing, citing that XRP has already been trialed by more than 11,000 banks connected to SWIFT. If accurate, this would highlight significant engagement from the banking sector in exploring the utility of XRP for global financial transfers.
While the claim has not been independently verified, it reflects the increasing attention being paid to how XRP and Ripple’s technology could integrate with or support traditional systems, such as SWIFT.
The broader significance lies in the ongoing evolution of financial messaging and settlement infrastructure. With SWIFT enhancing its own real-time capabilities and Ripple continuing to promote XRP for cross-border liquidity, the future may involve a combination of both systems working together to deliver faster, more transparent financial transactions.
Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.
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